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🚀 Intraday Trading Signals for (EURUSD)
💎 EURUSD Intraday Signals by K9 Investments Trading - www.k9investmentstrading.com
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Signal 1:
Buy Entry: 1.0565 (Near daily support level)
Stop Loss: 1.0540
Take Profit 1: 1.0600
Take Profit 2: 1.0635
Signal 2:
Sell Entry: 1.0675 (Resistance level)
Stop Loss: 1.0705
Take Profit 1: 1.0630
Take Profit 2: 1.0595
Disclaimer: Not Financial Advice. Trade at your own risk. Take Partial Profits, Use Strict Stop Loss, and Proper Risk Management.
🔍 EURUSD Daily and 4-Hour Market Analysis
Key Support & Resistance Levels
Daily Support Level: 1.0565
Daily Resistance Level: 1.0675
4-Hour Support Level: 1.0580
4-Hour Resistance Level: 1.0650
The EURUSD price is currently trading between major support and resistance zones. The price has been holding near 1.0565, which aligns with key Fibonacci retracement levels and strong support on the daily timeframe. A breakout above 1.0675 could trigger bullish momentum, while a drop below 1.0565 signals further bearish movement.
Fibonacci Retracement Levels
Using Fibonacci retracement on the daily chart, here are the key levels based on the recent high (1.0700) and low (1.0500):
23.6% Level: 1.0555
38.2% Level: 1.0605
61.8% Level: 1.0655
These levels act as vital retracement zones that could provide support and resistance, offering potential trade entries.
Exponential Moving Averages (EMAs)
Daily Time Frame EMAs:
EMA 50: 1.0590
EMA 100: 1.0630
EMA 200: 1.0680
EMA 400: 1.0750
4-Hour Time Frame EMAs:
EMA 50: 1.0585
EMA 100: 1.0615
EMA 200: 1.0660
EMA 400: 1.0725
The EURUSD is trading just below the EMA 50 on the daily chart, suggesting bearish momentum. The 200 EMA on the 4-hour chart also acts as a strong resistance level.
RSI Divergence
The RSI (Relative Strength Index) shows bearish divergence on the 4-hour chart. This could indicate a potential reversal near resistance levels, where sellers might gain control.
Order Blocks
On the daily chart, an order block can be identified near the 1.0620 level. This zone could serve as a potential entry for short positions if the price faces rejection from resistance.
MACD Analysis
The MACD histogram is showing a slight bearish crossover, confirming the downward pressure on EURUSD. If the price breaks below the 1.0565 level, this could confirm a larger downside move.
💡 EURUSD Daily Analysis Summary
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Key Levels:
Daily Support: 1.0565
Daily Resistance: 1.0675
4-Hour Support: 1.0580
4-Hour Resistance: 1.0650
EMAs on Daily Timeframe:
EMA 50: 1.0590
EMA 100: 1.0630
EMA 200: 1.0680
EMA 400: 1.0750
EMAs on 4-Hour Timeframe:
EMA 50: 1.0585
EMA 100: 1.0615
EMA 200: 1.0660
EMA 400: 1.0725
Weekly Pivots:
R1: 1.0680
R2: 1.0710
S1: 1.0580
S2: 1.0550
Daily Pivots:
R1: 1.0655
R2: 1.0700
S1: 1.0600
S2: 1.0560
Fibonacci Retracement Levels:
38.2%: 1.0605
61.8%: 1.0655
📈 Fundamental Analysis & USD News Impact
This week, key USD events to watch include the upcoming Non-Farm Payrolls (NFP) report, which will impact the EURUSD pair significantly. A stronger-than-expected NFP could lead to USD strength, causing a potential drop in EURUSD.
Additionally, the FOMC minutes will give insights into the Federal Reserve's future interest rate trajectory. High volatility is expected during these releases, which could impact your intraday trades.
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